Tiffany & Co.’s (TIF) “Buy” Rating Reiterated at Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. restated their buy rating on shares of Tiffany & Co. (NYSE:TIF) in a research report report published on Friday.

Several other research analysts have also recently weighed in on TIF. BidaskClub cut Tiffany & Co. from a strong-buy rating to a buy rating in a research report on Thursday, August 10th. Citigroup Inc. reduced their price target on Tiffany & Co. from $91.00 to $88.00 and set a neutral rating for the company in a research report on Thursday, May 25th. Jefferies Group LLC set a $110.00 price objective on Tiffany & Co. and gave the company a buy rating in a research report on Wednesday, August 16th. Goldman Sachs Group, Inc. (The) cut their price objective on Tiffany & Co. from $107.00 to $104.00 and set a buy rating for the company in a research report on Thursday, May 25th. Finally, Zacks Investment Research raised Tiffany & Co. from a hold rating to a buy rating and set a $100.00 price objective for the company in a research report on Monday, August 14th. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $92.81.

Tiffany & Co. (NYSE TIF) traded up 2.49% on Friday, reaching $95.48. The company had a trading volume of 763,931 shares. The company’s 50 day moving average price is $91.35 and its 200-day moving average price is $91.82. Tiffany & Co. has a 12 month low of $66.35 and a 12 month high of $97.29. The company has a market capitalization of $11.89 billion, a price-to-earnings ratio of 25.93 and a beta of 1.91.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The business had revenue of $960 million during the quarter, compared to the consensus estimate of $930.19 million. During the same quarter in the prior year, the company posted $0.84 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts predict that Tiffany & Co. will post $3.97 earnings per share for the current fiscal year.

WARNING: This story was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://sportsperspectives.com/2017/09/11/tiffany-co-s-tif-buy-rating-reiterated-at-oppenheimer-holdings-inc.html.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Wednesday, September 20th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.00 annualized dividend and a yield of 2.15%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 54.35%.

In other Tiffany & Co. news, Director Francesco Trapani bought 25,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was acquired at an average price of $91.84 per share, with a total value of $2,296,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 241,064 shares of company stock valued at $21,467,464 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in TIF. BlackRock Inc. boosted its holdings in Tiffany & Co. by 2,886.2% in the first quarter. BlackRock Inc. now owns 6,980,800 shares of the specialty retailer’s stock worth $665,271,000 after purchasing an additional 6,747,028 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Tiffany & Co. by 9,785.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,212,501 shares of the specialty retailer’s stock worth $113,818,000 after acquiring an additional 1,200,235 shares during the last quarter. Investec Asset Management LTD boosted its stake in shares of Tiffany & Co. by 85.9% during the 1st quarter. Investec Asset Management LTD now owns 2,053,994 shares of the specialty retailer’s stock worth $195,746,000 after acquiring an additional 949,105 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Tiffany & Co. during the 1st quarter worth $39,206,000. Finally, Cramer Rosenthal Mcglynn LLC purchased a new position in shares of Tiffany & Co. during the 2nd quarter worth $30,981,000. 79.76% of the stock is owned by institutional investors.

Tiffany & Co. Company Profile

Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.

Analyst Recommendations for Tiffany & Co. (NYSE:TIF)

Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply